Published on 2/8/2018 in the Prospect News Structured Products Daily.
New Issue: RBC sells $24.48 million capped leveraged buffered market-linked notes on Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 8 – Royal Bank of Canada priced $24,475,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 7, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $4,000 per $1,000 of notes.
Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline beyond 40%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | Market-linked securities—leveraged upside participation to a cap and fixed percentage buffered downside
|
Underlying index: | Euro Stoxx 50
|
Amount: | $24,475,000
|
Maturity: | Aug. 7, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any index gain, subject to $4,000 maximum settlement amount per $1,000 of notes; par if index falls by up to 40%; 1% loss for each 1% decline beyond 40%
|
Initial level: | 3,609.29
|
Buffer level: | 2,165.574, 60% of the initial level
|
Pricing date: | Jan. 31
|
Settlement date: | Feb. 5
|
Agent: | Wells Fargo Securities, LLC
|
Fees: | 4.5%
|
Cusip: | 78013XEM6
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.